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Pricing

2022
Flag → Flag
Exports $1.13MRnk 70 / 157
2022
Flag → Flag
Top Product $285kOther Fruits
2022
Flag → Flag
Exports $2.95MRnk 133 / 191
2022
Flag → Flag
Top Product $976kOther Edible Preparations
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Madagascar-Ukraine Trade: In 2022, Madagascar exported $1.13M to Ukraine. The main products that Madagascar exported to Ukraine were Other Fruits ($285k), Non-Knit Men's Suits ($176k), and Cloves ($127k). Over the past 5 years the exports of Madagascar to Ukraine have decreased at an annualized rate of 2.89%, from $1.31M in 2017 to $1.13M in 2022.

In 2022, Madagascar did not export any services to Ukraine.

Ukraine-Madagascar Trade: In 2022, Ukraine exported $2.95M to Madagascar. The main products that Ukraine exported to Madagascar were Other Edible Preparations ($976k), Dried Legumes ($963k), and Seed Oils ($633k). Over the past 5 years the exports of Ukraine to Madagascar have increased at an annualized rate of 5.33%,  from $1.58M in 2017 to $2.95M in 2022.

In 2022, Ukraine did not export any services to Madagascar.

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $1.13M to Ukraine. The main products exported from Madagascar to Ukraine were Other Fruits ($285k), Non-Knit Men's Suits ($176k), and Cloves ($127k). During the last 5 years the exports of Madagascar to Ukraine have decreased at an annualized rate of 2.89%, from $1.31M in 2017 to $1.13M in 2022.

In 2017, Ukraine exported $2.95M to Madagascar. The main products exported from Ukraine to Madagascar were Other Edible Preparations ($976k), Dried Legumes ($963k), and Seed Oils ($633k). During the last 5 years the exports of Ukraine to Madagascar have increased at an annualized rate of 5.33%, from $1.58M in 2022 to $2.95M in 2017.

Exports from Madagascar (Flag) to Ukraine (Flag) (2022)

Exports from Ukraine (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Ukraine (Flag)

Madagascar Exports

Ukraine Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Ukraine
Top DestinationPoland$6.7B

This map shows whether countries import more from Madagascar or Ukraine. Each country is colored based on the difference in imports they receive from Madagascar and Ukraine or the difference in the growth in imports.

In 2022, countries that imported more from Madagascar than Ukraine included Japan ($448M), South Africa ($152M), and Mauritius ($44.7M).

In 2022, countries that imported more from Ukraine than Madagascar included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

Difference in imports from Ukraine (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Ukraine

Flow
Scale

This chart compares trade between Madagascar and Ukraine by product, considering products traded by both, Madagascar and Ukraine.

During 2022, Madagascar had a large net trade with Ukraine in the exports of Vegetable Products ($518k), Textiles ($366k), and Mineral Products ($106k).

During 2017, Ukraine had a large net trade with Madagascar in the exports of Foodstuffs ($1.09M), Vegetable Products ($963k), and Animal and Vegetable Bi-Products ($633k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Ukraine+$14.2kGraphite
Top Product Potential Ukraine Madagascar+$410kSeed Oils

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Madagascar and Ukraine. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Madagascar.

Product Space of Madagascar (Flag) and Ukraine (Flag) (2022)

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